Applied Development Holdings Limited provided earnings guidance for the year ended June 30, 2013. The company announced that the loss for the year ended June 30, 2013 is expected to decrease significantly as compared to a loss of approximately HKD 45 million for the year ended June 30, 2012. The reduction in loss was mainly due to increase in fair value of investment properties for the year ended June 30, 2013 as compared to a decrease in fair value of investment properties for the year ended June 30, 2012.

The announcement is a preliminary assessment by the management of the company.